VARIABEL INTERNAL DAN EKSTERNAL TERHADAP KINERJA KEUANGAN DAN NILAI PERUSAHAAN
Harry Patuan Panjaitan
PT. Bank Panin Tbk. Cabang Pekanbaru
Jl. Jendral Sudirman No. 335 Pekanbaru, 28111
Faks. +62 761 334 94
This research aimed at analyzing and testing the effect of the internal variable and external variable to financial performance and company value. This study used quantitative and qualitative methods. The results of this study were as follows: (1) market concentration, interest rate, and banking penetration variable which potentially created high financial performance; exchange rate having a high power to push financial performance. (2) Capital, liquidity and composition of low interest fund having high power to improve financial performance; asset productivity and total asset that did not have an impact to financial performance; employee productivity and efficiency that had an impact to financial performance. (3) Financial performance that had not been capable to improve company value. (4) concentration variable which had not been capable of improving company value; exchange rate, interest rate, and banking penetration which had an impact to company value. (5) capital, liquidity, productivity of asset, total asset, efficiency and quality of credit variable which were potentially to improve company value; composition of low interest fund having a high power to push company value; productivity of employee having a great power to improve company value.
Key words: internal variable, external variable, financial performance, corporate value